Baltimore home buyers need 6.5 years to save for a down payment — more than a year longer than in 1988

Saving to buy a home in the Baltimore region takes longer than it did 30 years ago but not as long as elsewhere across the country. According to a recent report from real estate data firm Zillow, it would take prospective Baltimore buyers 6.5 years on average to save the 20 percent needed to purchase a home. (Balt. Sun)

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New DreamPort center bringing small business cyber help to federal sector

U.S. Cyber Command tracks and confronts some of the most dire cybersecurity threats facing our country. But it needs a little help sometimes, so there is a new facility in Maryland dedicated to seeking private industry input on government cyber problems. The nonprofit Maryland Innovation and Security Institute (MISI) this summer was awarded a five-year partnership agreement with Cyber Command, allowing the organization to set up a new facility in Columbia where private cyber firms, entrepreneurs and academics could present and develop new technologies that could be useful to federal cyber warriors, in an unclassified way. (Balt. Bus. Journal)

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Cancer research company plants U.S. headquarters in Frederick

A German-based cancer research company has made Frederick County its new home. Indivumed opened its U.S. headquarters this week on Corporate Court and has plans to expand in the coming months. The 5,500-square-foot site has offices and highly specialized tissue analytical labs, according to Indivumed founder and Chief Executive Officer Hartmut Juhl. The research lab will start with 10 to 12 employees, but Juhl said the company plans to expand the Frederick location to 30 to 40 employees over the next two years. (News-Post)

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Emergent BioSolutions defends opioid overdose drug against generic competitor

Emergent BioSolutions Inc. (NYSE: EBS) added an opioid overdose treatment to its portfolio in mid-October — and it’s already fighting off generic competitors. The Gaithersburg biotech filed a lawsuit Oct. 25 in District Court in New Jersey against Michigan-based Perrigo for patent infringement, after the company filed an application with the Food and Drug Administration to market a generic version of Narcan Nasal Spray before Emergent's patent expires. (Wash. Bus. Journal)

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Ottobar, landmark of Baltimore music scene, to change hands

The Ottobar, a popular music venue in Charles Village, will change ownership early next year. "We would like to thank the talented musicians & artists who have graced the Ottobar's stage over the past 21 years," management said in a Facebook post. "Thank you to our neighbors in Remington, Old Goucher, & Charles Village for welcoming us to the neighborhood and supporting us all of these years." Baltimore Fishbowl reports, citing the listing agent, that the sale hasn't gone through yet. (WBAL-radio)

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The Children's Bookstore sells, moves from Roland Park

The Children's Bookstore has moved crosstown to Lauraville from Roland Park, bringing its storybooks, author signings and characters like Babar the Elephant and Waldo to expanded digs. The independent retailer reopened last month at 4717 Harford Rd. next to Zeke's Coffee. It had been located on 737 Deepdene Rd. in Roland Park for decades. (Balt. Bus. Journal)

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Tax incentive could boost investment in Hagerstown, Washington County

Some local developers and investors heard about new incentives designed to help economically distressed communities, including parts of Washington County. The new federal Opportunity Zone program is part of the tax reform act signed by President Donald Trump in December 2017. The program provides a series of incentives for people to invest in businesses or real estate within the zones. In Washington County, five census tracts, one near Williamsport and four within Hagerstown, have been designed as opportunity zones. (Herald-Mail)

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November 2 // Developers break ground on mixed-income apartments in Owings Mills

Enterprise Homes and Pax-Edwards broke ground Thursday on Red Run Overlook, a new apartment complex in Owings Mills that aims to provide housing for those coming to the area for jobs. The site will include 72 mixed-income apartments in a suburban surrounding, near bus lines, the Metro station in Owings Mills and Interstate 795. Several public officials who attended the ground breaking praised the project for providing affordable housing that can help keep the economy growing. (Balt. Sun)

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